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SBI CEO says US CLARITY Act vote is key catalyst for Ripple and XRP amid crypto market dip.

Market News
03 Jun 2026
UToday
View Source
Neutral
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SBI Holdings CEO Yoshitaka Kitao attributes the recent $1.77 billion crypto market dip to institutional funds shifting to upcoming tech IPOs like SpaceX, OpenAI, and Anthropic. He stresses this is a technical liquidity move, not a crypto system failure, and highlights strong industry fundamentals. The US SEC is prioritizing digital asset regulation through 2030, with Ripple actively pushing the CLARITY Act to clarify federal rules and reduce XRP's regulatory risks. Kitao believes the US Senate vote on this bill will be a major positive catalyst for Ripple and XRP's future.

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